Core Insights - The ARK token project has been found to have multiple high-risk vulnerabilities, including critical flaws and signs of a potential "honey pot scam" [1][3] - A shocking discrepancy was revealed in the funding data, showing a claimed $79 million while the actual on-chain funds were only $9.51, indicating possible intentional fraud [3][5] Audit Findings - The audit covered 3,015 lines of Solidity source code, 50,000 block transaction data, and economic model evaluation, revealing 4 critical vulnerabilities and 3 high-risk issues [1] - The smart contract was found to have a buy tax rate of up to 99.99%, meaning investors would lose nearly all their funds upon purchase [1] - The project governance structure is concerning, with all 7 key functions controlled by a single address, resulting in a decentralization score of only 1 out of 10 [3] Economic Model and Risk Assessment - The economic model health score was also low at 1 out of 10, with a comprehensive risk score of 1.5 out of 10, indicating high risk [3] - The project has a Rug Pull risk score of 7.5 out of 10, categorizing it as extremely high risk [3] - The tax rate can be arbitrarily modified, potentially allowing the project team to freeze or confiscate investor assets, contradicting the principles of transparency and fairness in blockchain projects [3] Investor Caution - The audit results indicate that the ARK token project has multiple high-risk features, including technical vulnerabilities, economic model issues, and governance structure problems [5] - Investors are advised to remain vigilant and conduct thorough research before participating in any projects, especially focusing on professional audit reports [5]

Core Insights - The ARK project has revealed significant vulnerabilities in its smart contract, raising questions about its decentralization and transparency claims [1] - The existence of privileged addresses within the ARK project's smart contract allows for unlimited token minting, undermining the project's fairness principles [3] - The project's white paper and audit reports fail to disclose critical mechanisms, misleading investors and contradicting the blockchain ethos of transparency [4] - The presence of privileged addresses creates a fatal flaw in the tokenomics, allowing a few individuals to control the token supply and potentially manipulate the market [6] Group 1 - The ARK project has a hidden mechanism that grants unlimited minting rights to privileged addresses, challenging the notion of decentralization [1][3] - The privileged addresses, oracle and rbs, can mint any amount of tokens without restrictions, posing a risk to the project's integrity [3] - The lack of disclosure regarding these mechanisms in the project's white paper and audit reports constitutes a serious misrepresentation to investors [4] Group 2 - The existence of privileged addresses means that token supply is controlled by a select few, which can lead to dilution of existing holders' rights and potential price collapse [6] - The project’s claims of decentralization are contradicted by the technical control retained by the project team, raising concerns about investor fraud [6] - The design of the privileged backdoor undermines the foundational trust in the blockchain's transparency, enabling potential market manipulation [6]